Actuary Hourly Pay in Elmira, NY: $70.75 (2026)
Quick Answer:Hourly pay for a actuary working in Elmira, NY runs $70.75 at the median for 2026 — annualizing to $147,177 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Elmira's regional price level (BEA RPP 115.9, 16% above national), each hour of work buys what $61.05 nationally would. A 24-hour part-time schedule grosses $88,301 per year.
Based on BLS state-level estimates · View source
In Elmira, New York, the expected actuary hourly pay stands at $70.75, significantly exceeding the national average of $64.50. This premium is indicative of the local demand for skilled actuaries, reflecting the area’s concentration of insurance companies and consulting firms that rely heavily on actuarial expertise. For those considering part-time or per-diem roles in this field, working three days a week can still yield robust earnings, especially given that the hourly wage for entry-level positions begins around $44.45 and may peak at $109.67 for top earners. Actuarial professionals typically find opportunities in environments such as insurance company actuarial pricing departments, consulting firm client engagements, and reinsurance pricing teams, alongside increased flexibility in remote and hybrid work settings.
About the Elmira Market
Salary estimated from New York average ($152,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $44.45 | $355.59 |
| Lower Range (P25) | $53.71 | $429.64 |
| Median (P50) | $70.75 | $566.03 |
| Upper Range (P75) | $90.57 | $724.55 |
| Top Earners (P90) | $109.67 | $877.37 |
Estimated Annual Income by Work Schedule in Elmira
Based on $70.75/hr median hourly rate · 2026 est.
At $70.75/hr, a actuary working full-time (40 hr/wk) in Elmira, NY can expect to earn approximately $147,168 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $84,905. With a cost-of-living index of 115.90 (above the national average), these earnings may be offset by higher expenses in Elmira.
Hourly Rate Calculator
Schedule Comparison in Elmira
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,830.16 | $12,264 | $147,168 |
| Part-Time (24 hrs) | $1,698.09 | $7,358 | $88,301 |
| Per Diem (16 hrs) | $1,132.06 | $4,906 | $58,867 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Elmira) | $70.75 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Elmira, NY earn a median of $147,177 per year (2026 est.), which is 9.70% higher than the national median of $134,160 and 5.30% below the New York state average of $155,414.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $70.75/hr = $88,301/year (purchasing power: $76,187).
Working 40h/week (full-time) = $147,168/year (purchasing power: $126,979).
CoL index: 115.9 (100 = national average).
2019 BLS Actual
$57.14/hr
2025 BLS Actual
$68.56/hr
2026 Current Est.
$70.75/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Elmira (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $57.14/hr | Actual |
| 2020 | $58.56/hr | Actual |
| 2021 | $55.85/hr | Actual |
| 2022 | $60.12/hr | Actual |
| 2023 | $63.29/hr | Actual |
| 2024 | $80.17/hr | Actual |
| 2025 | $68.56/hr | Actual |
| 2026(current) | $70.75/hr | Estimated |
| 2027 | $73.02/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Elmira grew 20.0% from $57.14/hr (2019) to $68.56/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $73.02/hr by 2027. Part-time and per-diem actuaries can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Elmira metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Actuary in Elmira
Analyzing the earning potential for part-time actuaries reveals intriguing dynamics within Elmira's job market. A 3-day workweek, totaling around 24 hours, could realistically generate annual earnings of approximately $87,000—a significant sum compared to full-time counterparts. While agency and per-diem work for actuaries may be less common at junior levels, the landscape changes for seasoned professionals. Certified actuarial consultants, particularly those with FSA or FCAS designations, can command consulting fees ranging from $250 to $500 per hour, or even higher for special engagements such as expert witness testimony, where rates may escalate to $400-$800 per hour. Employers vary greatly, with life insurance firms typically offering lower hourly rates due to the inclusion of benefits, while consulting firms like Milliman or Mercer provide higher pay without the same level of perks. For actuaries navigating their employment options in Elmira, knowing the right negotiation strategies can maximize their earnings, whether they prioritize higher hourly rates or comprehensive benefits packages.
More salary data for Elmira, NY:
Frequently Asked Questions
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for actuaries in Elmira. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Elmira is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov